Eaton to Acquire COL Group to Bolster Data Center and Power Grid Capacity

Key Facts

1Eaton signed an agreement to acquire COL Group from Oaktree’s Power Opportunities strategy.

2The deal aims to expand Eaton's industrial capacity and manufacturing network across EMEA.

Eaton signed an agreement to acquire COL Group from Oaktree’s Power Opportunities strategy. BusinessWire reported that the deal aims to expand Eaton's industrial capacity and manufacturing network across Europe, the Middle East, and Africa, focusing on electrical distribution and grid automation solutions.

The acquisition is intended to bolster Eaton's presence in the high-growth data center and power grid markets. ETN stock closed at $439.98 on September 25, 2026, as the company seeks to increase its technical capabilities in modular power systems and SF6-free switchgear.